DGAP-News: Mutares SE & Co. KGaA / Key word(s): Miscellaneous
- Five transaction lay the foundation for future growth and shareholder value
- Three (partial) exits underline deal strength
- Successfully placed bond in the amount of EUR 50 million offers scope for further value-enhancing investments
With a total of five successful transactions on the buy side and three transactions on the sell side, Mutares achieved a further increase in sales of over EUR 600 million compared to the annualized previous year and exceeded its own targets of 7-10x ROIC for the BEXity CZ and Rothemühle Poland parts exits.
Despite the imponderables of the first half of the year and an uncertain outlook, the Company is aiming for another record year: "I am confident that we will continue to be successful in the second half of the year and show above-average deal flow. The acquisition of the Swedish and Finnish activities of NCC, which was agreed after the reporting date of June 30 and is already the sixth transaction this year, shows that we are keeping our promises and that the current times offer our business model unique opportunities. We will use them to achieve our self-imposed growth, dividend and return targets", says Johannes Laumann, CIO of Mutares.
In June, Mutares published a further developed communication strategy that focuses on transparency with clear key figures. In addition to increasing sales in the Group and the holding Company, Mutares is aiming for a multiple on the capital employed (ROIC) of at least 7-10. Both components contribute to the Company's leading position in dividend yield and to create maximum shareholder value in the future.
Finally, CIO Johannes Laumann once again commented: "My thanks and those of the entire Management Board go especially to our employees, who have shown their full commitment even in these difficult times."
Company profile of Mutares SE & Co. KGaA
For further informationen:
|Company:||Mutares SE & Co. KGaA|
|Phone:||+49 (0)89-9292 776-0|
|Fax:||+49 (0)89-9292 776-22|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange|
|EQS News ID:||1094701|
|End of News||DGAP News Service|